Last month, BP announced an oil discovery at the Tiber Prospect in the Gulf of Mexico which may contain more than 3 billion barrels. Don’t open the champagne just yet! Although this recent find is a lot of oil, let’s put things in perspective. According to the CIA World Factbook, the United States consumes about 20.7 million barrels per day. At that rate of consumption, the oil at the Tiber Prospect is roughly a 145 day supply for the United States. Read more